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Showing posts from January, 2024Show all
Time to End Craig Wright’s Harassment Campaign Against Bitcoin Devs Craig Wright has repeatedly litigated anyone questioning his claim to be Satoshi, harming numerous people in crypto in the process. The Crypto Open Patent Alliance aims to put a stop to this as its case comes to court Feb. 5. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
JUP Token Soars After Massive $700M Jupiter Airdrop to Solana Wallets Validators called the airdrop a success. "Surprisingly, nothing notable" broke, one operator said. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Jack Dorsey's Block Inc. Begins Layoffs Under Previously Disclosed Plan to Cut Staff by 10% The company plans to drastically reduce its headcount throughout 2024 through a series of layoffs and reorganizing measures. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Price Nears $44K as ETFs See Net Inflows for First Time in a Week The 10 spot bitcoin ETFs on Monday experienced their first net inflows in one week, helping to send the price of bitcoin to its highest level since the day after the funds began trading. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
DeFi Insurer Nexus Mutual Requests $153K for 6-Month Budget The crypto insurance protocol is anticipating growth stemming from a recent partnership. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Whales Boosted Coin Stash by $3B in January, Data Show While bitcoin ETFs have experienced net inflows of $820 million, bitcoin whales increased holdings by about $3 billion this year, IntoTheBlock said. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin ETFs in and Around Asia After U.S. Approvals? Analysts Are Optimistic About Momentum The much-awaited approval of spot-bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) can give unprecedented momentum for similar regulatory approvals in and around Asia. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Stellar's Foundation Supports Delay of Smart-Contracts Upgrade After Bug Found A bug identified on Jan. 25 was deemed to pose "little risk," but after receiving "robust feedback" from the blockchain's developer community, the Stellar Development Foundation opted to "disarm" its validators ahead of the Jan. 30 target date for the Protocol 20 upgrade. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Why Is Everyone Suddenly Bearish About Bitcoin? The cryptocurrency has dipped following the most bullish recent event in crypto history, the launch of spot bitcoin ETFs, apparently causing a crisis in faith. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crypto-Linked Stocks Rise With Bitcoin as Analyst Says 'Not The Time to Turn Bearish' Miners such as Bitfarms (BITF), Hut 8 (HUT) and TeraWulf (WULF) were among the outperformers. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin ETF Flows Show Negative Trend For First Time Since Launch The group of recently launched spot bitcoin exchange-traded funds (ETFs) are seeing combined negative flows for the first time since they opened for trade on Jan. 11 as money moving into funds like BlackRock's IBIT and Fidelity's FBTC has failed to keep pace with the exits from Grayscale’s GBTC. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
ETH ETFs Are Inevitable — But When? As the SEC delays applications from Grayscale and BlackRock, Daniel Kuhn looks at how soon regulators might approve these investment products. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Grayscale's GBTC Profit Taking Likely Over, Easing Bitcoin Selling Pressure: JPMorgan Around $1.3 billion has shifted from GBTC to new spot bitcoin ETFs, equivalent to a monthly outflow of about $3 billion per month, the bank said in a report. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Vibe Check: The Sell-Off Continues: CoinDesk Indices' Todd Groth Periodic observations and market musings from Todd Groth, Head of Research, CoinDesk Indices CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Why Tornado Cash Remains the Most Pivotal Legal Case in Crypto Edward Snowden has backed a legal defense campaign for Roman Storm and Alexey Pertsev, coders behind the mixing service. They deserve the support of the crypto community, which has fundamental rights at stake in the case. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Promises and Perils of NFTs: An Excerpt From 'The Everything Token' In their new book, Steve Kaczynski and Scott Duke Kominers discuss the ongoing challenges (and potential solutions) around diversity, regulation and decentralization facing the NFT ecosystem. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Why Does Maxine Waters Care About Meta’s Crypto Patents?  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Next Phase of DeFi Is Here Expect a transition from incentive madness to real utility in crypto markets, says Jesus Rodriguez, CEO, IntoTheBlock. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bailing DeSantis May Leave Deafening Crypto Silence in 2024 Presidential Race Florida Governor Ron DeSantis may not have been a crypto authority, but he embraced digital assets as a political tool and ensured his influential state made moves to support the industry while he still had his eyes on the White House. His absence – and that of fellow candidate Vivek Ramaswamy – marks a sudden lack of crypto interest in this year's U.S. presidential race. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
FTX Affiliate Alameda Research Drops Grayscale Lawsuit Tk CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Trading Volume on Proshares Bitcoin ETF Tanks 75% As Focus Shifts To Spot ETFs Observers said BITO will remain an integral part of the market as a hedging instrument for authorized participants associated with the recently launched spot ETFs. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Dogecoin, Floki Bullish Bets Rise on X Payments Speculation The dog-themed tokens have a tendency to move on any payments-related development at X (formerly Twitter). CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Terraform Labs Declares Bankruptcy in Delaware Terraform Labs recently lost a case when a U.S. judge ruled that LUNA and MIR are securities, and is currently facing a class action lawsuit in Singapore. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Why Indonesia’s Upcoming Elections Could Make or Break the Country’s Vibrant Crypto Sector Not all leading candidates have been vocal about crypto – but scattered remarks offer clues about where the industry might be headed under their leadership. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The SEC Goes Back to Court Last summer, the U.S. Securities and Exchange Commission (SEC) sued crypto exchanges Coinbase and Binance, alleging they listed and traded unregistered securities in the form of various cryptocurrencies. This week, the regulator's legal teams faced the exchanges in court as the companies argued the SEC did not make the case that those cryptos are securities. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Gaming Gift Cards Are Like Crypto – and Not in a Good Way In-game tokens, like V-Bucks on Fortnite, face UX problems like many Web3 platforms. Is there a role an open, shared “trust layer” for gaming payments? CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
CoinDesk Markets Index Week in Review CoinDesk Indices presents notable data insights from the week, followed by additional analysis from an industry expert. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Donald Trump's NFTs Have Limits Normal Ones Don't  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Coinbase vs. the SEC Debates the Difference Between Beanie Babies and Securities The toys figured strongly in arguments over securities law, but will the case answer fundamental questions about crypto’s future. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Donald Trump Is the Latest Republican to Use CBDCs as a Dog Whistle The presidential candidate declared fevered opposition to a digital dollar on Wednesday night, even though there are no official plans for one in the U.S. Why? CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin and Ethereum to Lead Altcoins Higher in 2024 The rise of bitcoin and ethereum, and more favorable macro conditions, could be good news for altcoins this year, says Todd Groth, head of research at CoinDesk Indices. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Why 2024 Will Be Bitcoin's Year ETF approvals and a halving set for April will change the supply-and-demand dynamic of bitcoin, likely sending the price higher, says John Stec at Global X. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
DeFi Fumbled Its Post-FTX Advantage in 2023, but There’s Still Hope for 2024  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
After the ETF: ​​Bitcoin’s Coming Power Struggle The approval of Bitcoin ETFs last week sets up a potential fight between Bitcoin Maxis and giant Wall Street institutions, says Michael Casey. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Can Crypto Dethrone U.S. Dollar Dominance? Here Is Morgan Stanley's Take U.S. monetary policy, combined with the use of economic sanctions, have forced some countries to look for alternatives to the dollar, while growth of stablecoins may have emphasized the need of the fiat currency, the bank said. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
HashKey Becomes Crypto Unicorn After Closing $100M Raise Operator of licensed Hong Kong exchange says raise will promote compliant, innovative global growth. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Solana Mobile to Sell Second Crypto Smartphone: Source  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Will the Next Bitcoin Halving Be Another Hype Cycle? Following the launch of bitcoin ETFs, market watchers are looking for the next event that could drive market prices. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Tokenized Fund Adoption Grows but Brings Technology Risks: Moody's Entities providing tokenization tech have a limited track record and may contribute to increased risk, a new report by analysts at the credit-rating agency says. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Venezuela Ends Controversial Petro Cryptocurrency: Reports Venezuela is ending its Petro cryptocurrency on Monday, more than five years after it was first launched, according to multiple reports. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin's Technicals Suggests Deeper Pullback to $38K: Analyst Bitcoin's RSI divergence signals correction, 10x Research said. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
SEC Statement on the Hack of Its X Account and the Resulting Fake Bitcoin ETF Approval Announcement  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
SEC Says Other Systems Secure After X Account Hack The U.S. Securities and Exchange Commission said its systems and devices were not breached by the party responsible for tweeting out a fake bitcoin ETF approval announcement earlier this week. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
What Other Crypto Firms Could Go Public This Year  After Circle’s SEC filing marking the first step towards a public listing, CoinDesk examined the other firms that might try to go public amid a rebound in crypto markets. High on the list of possibles: Kraken and Ripple. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
BTC Tumbles Below $44K, Bitcoin Miners Drop 10% Boosting ETF 'Sell the News' Calls Bitcoin [BTC] dropped to near $43,000 Friday, a fall of 6% in day-over-day trading, while some bitcoin mining stocks tumbled over 10% extending yesterday's decline after Thursday's highly-anticipated spot bitcoin ETF debut. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
BlackRock's Bitcoin ETF Could Attract a Record $3B Inflow in First Trading Day: CF Benchmarks The fund saw about $400 million of inflows within 30 minutes of its trading debut, CF Benchmarks said. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Hedera-Based Tune.FM Raises $20M for Artist-Friendly Web3 Music Platform Tune.FM provides musicians with a platform to receive micropayments for streaming in its native JAM token (JAM). CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Dogecoin's 9% Swing Amid Fake Rumor of Mascot's Death Riles Up Crypto Enthusiasts The volatile episode came at a time when the crypto industry anxiously awaits a spot bitcoin ETF approval, a landmark for the asset class' maturation. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin ETFs Could See Up to $100B in Inflows If SEC Approves: Standard Chartered Analysts from Standard Chartered, Galaxy and Corestone predict that a spot bitcoin ETF could see over $1 billion in inflows over just the first quarter. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
New York's Crypto BitLicense Oversight Criticized by State's Comptroller The New York Department of Financial Services (DFS) is drawing some internal heat over whether it's doing a good job overseeing crypto activity through its BitLicense program, according to a review from New York State Comptroller Thomas DiNapoli. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin ETFs: The Bear Case Bitcoin exchange traded funds may not actually be approved, due to the SEC’s long-held concerns about market manipulation. And, if they are, they could change the nature of Bitcoin itself, to the detriment of Satoshi Nakamoto’s original vision, say critics. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Mysterious $1.2M Bitcoin Transaction to Satoshi Nakamoto Sparks Speculations The wallet receiving the hefty payout is the address that mined the Bitcoin network's first-ever block reward some 15 years ago, commencing the start of the blockchain. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin ETFs: The Bull Case One train of thought says that SEC approval of spot bitcoin ETF will send the market flying. Here’s how that could play out. In a separate post, we review the bear case, where the market may not react with such optimism. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitwise Tops Bitcoin ETF Low-Fee Table, While Grayscale Bets on Size Just one potential spot bitcoin ETF issuer has set a management fee above 1%, and many of the others are asking for less than 0.5%. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin ETF Approval Odds Raised to Over 90% at Bloomberg, Drop on Polymarket Two influential analysts have tipped odds at over 90% ahead of the Securities and Exchange Commission decision. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Solana Meme Coins See 80% Price Drop After December Frenzy The Solana ecosystem boomed in December as bonk tokens started a multiweek run of over 1,000%, grabbing listings on influential exchanges Binance and Coinbase. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin, Asian Stocks Drop as Traders Pare March Fed Rate Cut Bets Friday's payrolls will likely compel the Fed to maintain flexibility in its policy decisions going forward, one observer said. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Final Bitcoin ETF Application Filings Get Posted by Major U.S. Exchanges  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
U.S. SEC Seeks to Leverage Terraform Win in Coinbase, Binance Disputes The U.S. Securities and Exchange Commission (SEC) has been blowing a horn in its various legal clashes with crypto exchanges, asking courts to see how its recent win in the Terraform Labs dispute should convince other judges that the regulator is right about platforms like Coinbase and Binance trading unregistered securities. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
VanEck to Donate 5% of BTC ETF Profits to Bitcoin Core Developers The move is reminiscent of a similar pledge by VanEck to donate 10% of profits from its ether futures ETF to Ethereum developers in October last year. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Australian Treasury to Question Regulator Over HyperVerse Crypto Scheme: Report Australia's Assistant Treasurer and Minister for Financial Services Stephen Jones has said he would be asking the Australian Securities and Investments Commission (ASIC) why it didn't warn consumers about the HyperVerse crypto scheme like other nations did. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Celestia’s TIA Token Pops 22% as Staking, ‘Modular’ Narrative Gains Favor Staking TIA on native platforms is yielding between 15% to 17%, minus fees, to users, boosting demand for the cryptocurrency. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Rebounds Above $44K as Spot BTC ETF Approval Looks Increasingly Likely Reports swirled that the SEC was giving final comments to issuers and may approve multiple spot-based bitcoin ETF applications very soon. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crypto Investment Products Saw $2.2B of Inflows in 2023: CoinShares A mundane year of flows turned nicely higher in the final quarter of last year as excitement rose surrounding spot bitcoin ETFs. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
'Deniers Are Crypto's Flat Earthers' as Markets Flash 83% Odds of Bitcoin ETF Approval The popular Polymarket market bet “Bitcoin ETF approved by Jan 15?” has attracted almost $1 million in volume from hundreds of users. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
What Caused Bitcoin's 10% Crash: Matrixport, Jim Cramer, Leverage? Bitcoin cratered almost 10% below $41,000 early Wednesday around the time Matrixport's report about warning of a spot BTC ETF decline, but it was more likely due to a leverage flush as the market overheated, a K33 analyst said in an interview. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Protocol: Is Solana's Rebound The Real Thing? Solana has been one of the biggest gainers of the latest crypto cycle, with a handful of airdrops and meme tokens accelerating big boosts in the price of SOL. Also, Ethereum co-founder Vitalik Buterin has released an updated roadmap for the ecosystem. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Goldman Sachs Eyeing Bitcoin ETF Role Via BlackRock and Grayscale: Sources Goldman Sachs is in talks to play the key role of being an "authorized participant" for BlackRock and Grayscale's bitcoin ETFs, if the SEC approves them, according to people familiar with the situation. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Jim Cramer Capitulates on Bitcoin: 'Technological Marvel … It's Here to Stay' The Mad Money Host three months ago was highly bearish on the world's largest cryptocurrency. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Jupiter Targets JUP Airdrop for End of January The Solana-based trading aggregator will test the longevity of the Solana frenzy. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Sei Network Emerges as Latest Crypto Favorite; Meme Coin SEIYAN Leads Bets Meme coin SEIYAN – apparently a cult term for holders  of the SEI token – has gained 400% in the past week, serving as a proxy for the growth of the broader Sei ecosystem. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Wild Trading Session Sees Tellor’s TRB Token Slide From $720 to $180 in Hours Futures tracking the lesser-known token saw $68 million evaporate in leveraged bets in a 24-hour period. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Bullish Bets Costlier Than Ever as Funding Rates Hit Record 66% Data tracked by Matrixport show global average perpetual funding rates rose to a record 66% annualized early Monday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Begins 2024 With a Push Toward $45K Speculation has been ramping up that regulatory approval for a U.S.-based spot bitcoin ETF is coming this week. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data